Need Help? (888) 742-5060

In The News:

Sysco Sales Up 3.5% in Fiscal Year

Foodservice distributor Sysco Corp. (NYSE: SYY), Houston, TX, reported sales for the fiscal year ended June 27 of $50.4 billion, up 3.5 percent year-over-year. Profit was $949.6 million, an increase of 38.3 percent compared to the prior year.

Sales for the fourth quarter were $13.6 billion, a 10 percent increase over the same period a year ago. Profit nearly tripled to $215.7 million.

Food cost inflation during the quarter was 1.2 percent, as measured by the estimated change in Sysco's product costs, driven mainly by inflation in the meat, dairy and poultry categories. In addition, sales from acquisitions (completed within the last 12 months) increased sales by 1.2 percent, and the impact of changes in foreign exchange rates decreased sales by 0.5 percent.

© 2019 Gale Media, Inc.

Please do not reprint MDM's content on your website without MDM's express permission as it is copyrighted material. To gain permission, email us, or call 1-888-742-5060. For information on PDF or print reprints, visit MDM welcomes inbound links from your site. Please cite Modern Distribution Management.

2018-top-distributors-listThe 2018 Top Distributors List

This free PDF includes lists of top distribution companies across 14 sectors.

You will also receive MDM Update, our daily distribution e-newsletter & other distribution-focused content.

Download the Free PDF now >>

MDM-UpdateMDM Update: Daily Newsletter 

Sign up to read the best source for news & trends in wholesale distribution, MDM Update. Delivered daily to your inbox. 

Sign-up for MDM Update >>

Partner Center